Superhedging
= Superhedging
{title2=$V_T\geq X$}
= Super-replication
{synonym}
= Superhedge
{synonym}
An admissible <self-financing portfolio> superhedges a <contingent claim> when its terminal wealth is at least the claim payoff <almost surely>. The least permitted initial cost is the <superhedging price>. Exact <claim replication> requires equality.